Hotel Survival Guide: How to Reopen Profitably

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Hotel Survival Guide: How to Reopen Profitably

May 12, 2020

We’re excited to share with everyone our Hotel Survival Guide, a resource designed to help hotel operators deliver a safe, functioning, cash-flow positive hotel upon reopening. We’re in a time of profound uncertainty — but we believe the following contains crucial guidance that will help hotels reemerge as successfully as possible.

In the Hotel Survival Guide, you’ll find:

– Recommendations for how hotels can best prepare for recovery and gradually enter a new normal, leveraging key forecast data from our partners at CBRE that outlines recovery models for hotel occupancy and highlights the varied impacts across hotel segments, locations, and rate classes.

– A phased approach for hotel relaunch, which ties together adjustments required for key services — with recommendations designed to protect both guest safety and hotel profit — across various recovery scenarios.

– A critical reopening path for hotels to implement relaunch plans department by department, paving the way for a successful, phased revival, as well as an outline for Streetsense’s more robust offering to support hotels through their relaunch.

We hope this resource provides direction and some comfort to concerned hotel operators — together, we can emerge from this crisis safely and profitably.

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By The Streetsense Collective

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